Overview
What is Simchat Torah Beit Midrash?
Simchat Torah Beit Midrash is a nonprofit organization dedicated to offering Torah education, weekly meetings, and benevolent services. Based in Parker, Colorado, they operate internationally through the International Center for Torah Studies (ICTS) program. This program provides college-level courses online and at their centers, catering to various learning styles. The curriculum, including the Companion Workbook and Textbook, is designed to foster personal growth and improve one's life. They also provide tuition assistance, food, and rent assistance to their local community. Simchat Torah Beit Midrash has developed digital platforms for learning and business experiences, utilizing mediums like public speaking, internet, television, radio, and literature. Their mission is to build a foundation for individuals to reach their potential and grow in a global society, while supporting their local community. The organization's activities encompass Torah education and Shabbat services, as well as offering benevolent aid.
Official website here: www.torah.tv
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (56%)
Simchat Torah Beit Midrash has received a poor rating of 56% from Charity Navigator, which translates to a one-star designation. This rating is primarily based on the organization's accountability and finance practices, highlighting significant shortcomings in various areas such as financial statement transparency and basic governance policies. Notably, while the board members are independent, the independent board size is minimal, which raises concerns regarding oversight.
The charity does show some strengths, particularly in its program expenses, indicating that a significant portion of its funds is allocated to its mission. Furthermore, the organization has no evidence of asset diversion and maintains a conflict of interest policy. However, the lack of proper financial documentation and absence of policies related to whistleblowing and document retention are major drawbacks that impact its overall credibility and effectiveness.
No user reviews from GreatNonprofits could be fetched, leaving a gap in understanding community sentiment. Therefore, potential donors and volunteers are encouraged to consider these governance and financial transparency issues before engaging with the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Simchat Torah Beit Midrash legitimate?
Simchat Torah Beit Midrash is a legitimate nonprofit organization registered as a 501(c)(3) entity. Simchat Torah Beit Midrash submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $435,902
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,270,468
For more financial information, click here
Official website here: www.torah.tv
What is the mission statement of Simchat Torah Beit Midrash?
Simchat Torah Beit Midrash, as a non-profit organization and community, aims to establish specialized learning centers globally. These centers offer classes from ICTS, the International Center for Torah Studies, teaching authentic business principles and moral values essential for personal growth and success in a global environment. The organization's mission is to empower individuals, both men and women, to reach their full potential. By providing a solid foundation in business and ethics, it seeks to support its community members in thriving in the global economy and culture.
Official website here: www.torah.tv
Who is the CEO of Simchat Torah Beit Midrash?
Nicole Martin is the President of Simchat Torah Beit Midrash.
Official website here: www.torah.tv
What is the revenue of Simchat Torah Beit Midrash?
Simchat Torah Beit Midrash's revenue in 2022 was $7,140,895.
Official website here: www.torah.tv
Who are the executives of Simchat Torah Beit Midrash and what are their salaries?
The average compensation at Simchat Torah Beit Midrash during 2022 was $35,549. There are 48 employees and 250 volunteers at Simchat Torah Beit Midrash.
Here are 4 key members and their salaries:
- Compensation: $57,600
- Related: $0
- Other: $163,502
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $36,000
- Related: $0
- Other: $53,400
- Compensation: $57,600
- Related: $0
- Other: $67,800
Official website here: www.torah.tv
Where can I find the form 990 for Simchat Torah Beit Midrash?
Simchat Torah Beit Midrash's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.torah.tv
Learn more at the official website: www.torah.tv
Mission Statement of Simchat Torah Beit Midrash
Simchat Torah Beit Midrash is a non-profit organization and community that is committed to providing Torah education and benevolent services. They have established specialized learning centers worldwide, where they offer classes from ICTS, the International Center for Torah Studies. These classes teach individuals authentic business principles and fundamental moral principles, aiming to equip them with the necessary tools to succeed in a global economy and culture. The organization's mission is to help men and women reach their potential and grow within their communities. By providing a foundation based on Torah studies, Simchat Torah Beit Midrash strives to support its members in navigating the complexities of modern life while maintaining strong moral values.
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Impact
July, 2024
Simchat Torah Beit Midrash's impact lies in its dedicated mission to provide Torah education, Shabat observance, and benevolent services to individuals in local communities and beyond. Through its innovative International Center for Torah Studies (ICTS) program, STBM offers a unique opportunity for individuals to enhance their personal and professional development through a structured curriculum that combines authentic business and moral principles.
By offering a multi-level, multi-media curriculum both online and in physical centers, STBM empowers students to engage with valuable educational resources that cater to different learning styles. The program's commitment to providing tuition assistance, food, and rent support to the local community further underscores its dedication to helping individuals overcome challenges and reach their full potential.
Moreover, STBM's focus on utilizing various digital platforms for outreach, including public speaking, internet, television, radio, and literature, enables the organization to extend its impact and reach a broader audience. Through these efforts, Simchat Torah Beit Midrash is not only fostering personal growth and empowerment but also contributing to the upliftment of individuals within the global economy and cultural landscape.
Overall, Simchat Torah Beit Midrash's impactful initiatives in Torah education, community support, and outreach efforts are instrumental in building a strong foundation for individuals to thrive and make a positive difference in the world.
This information is meant to be a general summary of Simchat Torah Beit Midrash. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $987
- Program Service Revenue: $796,794
- Gross Receipts: $7,501,352
Assets and Liabilities:
- Total Assets: $9,595,533
- Total Liabilities: $8,171,082
- Net Assets: $1,424,451
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Bible College
Revenue
$410,423
Conferences & Special
Revenue
$309,269
Miscelleous Income
Revenue
$77,102
Organization Details
Founding Year
1995
Phone
(303) 819-7720Principal Officer
Nicole Martin
Main Address
P O Box 4810, Parker, CO, 80134
Website
www.torah.tvNTEE Category
Code: X30Z - Religion related
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